Republic Services, Phoenix, has acquired South Bend, Ind.-based Green Tech Transfer & Recycling as well as the associated hauling company, Industrial Disposal. The deal became effective Jan. 20. Terms of the transaction have not been disclosed. Republic will be keeping the 18 employees and management in place and have already begun hiring drivers and mechanics according to former Green Tech COO Mike Morris.
“We were looking for a company that shared our values,” says Morris about the decision to be acquired by Republic. “It really was a good marriage. I call it colliding agendas. We had spent millions of dollars and taken it as far as the mom and pop can do. In order to take it to the next level, we needed someone who shared the same vision as Green Tech and that is Republic.”
Republic Services Media Relations Manager Peg Mulloy states, “When we look at acquisitions and purchases, what we are looking to do is expand the service offerings we have for our customers and give our customers more options. Here we saw a market we wanted to serve with different offerings that Mike’s company had that we didn’t.”
In addition to the services Green Tech already provides, Republic will be offering a new front load commercial business as well as fuel containers and single container commercial recycling for small businesses. There is currently a capital improvement study underway on the facility. According to Morris, the increased tonnage through the facility will soon necessitate expansion.
Green Tech is already permitted for expansion and prior to the acquisition by Republic, had purchased an additional 25 acres of land surrounding the facility.